‘ S&P Dow Jones ’

Vanguard sector ETFs to reflect GICS changes

Mar 5th, 2018 | By
Three Vanguard ETFs switch indices to align with MSCI's sector changes

Vanguard is to alter the underlying indices for three of its NYSE-listed sector ETFs to reflect changes to the Global Industry Classification Standards methodology announced by MSCI in November 2017.

ProShares reduces VIX ETFs’ exposures following volatility blow-up

Feb 28th, 2018 | By
ProShares VIX ETFs reduce exposures following volatility blow-up

ProShares has reduced the degree of exposure underlying its two VIX-related ETFs following rapid, large swings in the products’ values during the equity market sell-off in early February.

ETFs not to blame for market sell-off, says new Fed Chair

Feb 28th, 2018 | By
Fed Chair Jerome Powell

“ETFs were not at the heart of the market decline”, said new Fed Chair Jerome Powell during his testimony to the House Financial Services Committee on Tuesday. In February, markets had the worst week since January 2016, and the eighth worst since 2008. The S&P 500 Index, underlying reference of the $275bn SPDR S&P 500 ETF (SPY US), fell 10% between 26th January and 8th February. Powell was asked to respond to a WSJ article which suggested that the close correlation between sectors during that period of volatility was driven by the growing popularity of ETFs.

S&P Dow Jones launches S&P 500 Bond Mega 30 Indices

Feb 15th, 2018 | By
Alex Matturri, CEO, S&P Dow Jones Indices

S&P Dow Jones Indices (S&P DJI) has launched the S&P 500 Bond Mega 30 Index family, tracking the performance of the largest bonds issued by constituents of the S&P 500. The family currently has two subsets of indices, those tracking bonds rated investment grade and those following the high yield segment. Alex Matturri, CEO, S&P Dow Jones Indices, commented, “These new indices track bonds with larger issue sizes which typically trade with greater frequency and enhanced transparency and therefore tend to have higher liquidity.”

Metaurus Advisors launches two innovative ETFs

Feb 7th, 2018 | By
Richard Sandulli, co-CEO of Metaurus Advisors

Metaurus Advisors has launched two new ETFs on NYSE Arca. These funds have effectively stripped the dividend stream and the potential for capital growth of S&P 500 constituents into two seperate components and packaged each component into its own ETF. Richard Sandulli, co-CEO of Metaurus Advisors said, “Investors and their advisors now have precise tools to balance current cash flow potential against their growth and risk tolerance, without sacrificing the diversification potential and low cost of index investing.”

Amundi builds out ETF offering on SIX Swiss Exchange

Jan 31st, 2018 | By
BlackRock extends iShares offering on SIX Swiss Exchange

Amundi has cross-listed four equity ETFs onto SIX Swiss Exchange in Zurich, expanding its offering for Switzerland-based investors looking for locally listed access. Three of the ETFs track MSCI indices, while the fourth tracks an index from S&P Dow Jones Indices. They include Europe ex-Switzerland, world energy, world financials and global luxury exposures, all based on developed-market stocks.

Amundi adds five ETFs to Borsa Italiana

Jan 30th, 2018 | By
Amundi cross-lists five ETFs to Borsa Italiana

Amundi has cross-listed a medley of five equity ETFs to Borsa Italiana in Milan, expanding its footprint in the Italian market. The ETFs – which offer a varied assortment of exposures – provide a locally listed access point for domestic Italian investors. They include sector-specific exposures to energy, financials and luxury goods; Italian large-caps; and a play on US share buybacks.

SSGA celebrates 25th anniversary of SPDR S&P 500 ETF

Jan 30th, 2018 | By

State Street Global Advisors, the asset manager behind the SPDR range of ETFs, has celebrated the twenty-fifth anniversary of the first ever US-listed ETF, its SPDR S&P 500 ETF (SPY US). Launched on 29 January 1993 with just $6.5m in assets, SPY is now a behemoth with more than $302bn in AUM and average daily trading volume of nearly $25bn.

SPY roars past $300bn, days before 25th anniversary

Jan 25th, 2018 | By
Jim Ross, chairman of global SPDR business

Assets invested in the SPDR S&P 500 ETF (SPY US), the world’s largest exchange-traded fund, have roared past $300 billion just days before the twenty-fifth anniversary of its launch on the American Stock Exchange. Jim Ross, chairman of the global SPDR business, said, “For SPY to reach $300bn in assets just days before the twenty-fifth anniversary of its first day of trading is very special and a testament to the fund’s unmatched resiliency and versatility along with the increased acceptance of passive investing.”

Lyxor cross-lists green bond ETF on Deutsche Börse

Jan 24th, 2018 | By
Lyxor cross-lists EUR-hedged green bond ETF on Deutsche Börse

Lyxor has cross-listed the Lyxor Green Bond Monthly Hedged UCITS ETF on Deutsche Börse, offering access to the performance of euro- and dollar-denominated ‘green bonds’, as defined by the Climate Bond Initiative, issued by investment-grade companies. The ETF, which is linked to the Solactive Green Bond EUR USD IG Index, incorporates an in-built currency hedge, hedging the US dollar-denominated portion of the portfolio back to the euro.